Southern Europe
SPAIN – Magnum reorganizes management
One of the founding members of Magnum Capital, Baldomero Falcones, has left the firm and sold his stake to the remaining three partners, Angel Corcóstegui, Enrique Leyva and João Talone.
SPAIN – Caja Inmaculada acquires 25% stake in engineering firm
Caja Inmaculada (CAI) has acquired a 25% stake in engineering company ASE Soluciones through a capital expansion deal.
SPAIN - Basque country Sgcer backs industrial player
Basque government private equity firm Sgcer, and local savings banks BBK, Kutxa and Vital have acquired a 16.3% stake in industrial company Ramón Vizcaíno in a deal valued at EUR 4.5m. The remaining stake is retained by the company’s owners.
EUROPE - Bain Capital closes EUR 3.5bn buyout fund
Bain Capital has closed its third European buyout fund with a total of EUR 3.5bn in commitments.
GREECE – Marfin sells 20% of OTE in a EUR 2.5bn transaction
Marfin Investment Group has sold its 20% stake in Greek telephone company OTE to Deutsche Telekom in a deal valued at approximately EUR 2.5bn.
SPAIN - Advent-back Euroloc re-brands
Advent-backed machinery renting company Euroloc has changed its name to Hune in a move aimed at better integrating the group’s activities after the acquisition of platform companies Nacanco, Umesa and Grúas Homs.
SPAIN – Caja Madrid backs fashion group
Capital Riesgo Madrid the private equity arm of Caja Madrid has acquired a 37% stake in fashion group AB Diseño y Moda as part of a deal valued at EUR 8m. The group consists of three brands: Elio Berhanyer, Miguel Palacio and Javier Larrainzar.
SPAIN - GED-backed Rioglass to increase
GED-backed Rioglass will be developing 4 new facilities in Spain and the US to increase its production of thermosolar mirrors.
ITALY – Consob approves Polynt P2P
The Commissione Nazionale per le Società e la Borsa (Consob) has approved the voluntary tender offer by InvestIndustrial-backed Polimeri Speciali for Polynt.
EUROPE - EVCA data shows increased returns in 07
Private equity delivered increased returns for investors in 2007, with buyout funds the best performers, according to data from the European Venture Capital Association.
SPAIN – Proa pulls out of bid; recruits new partner
Proa Capital, yet to officially open its doors, has decided to pull out of the auction for biscuit manufacturer Marbú Dorada y Chiquilín, currently owned by US multinational Kraft.
SPAIN – Tandem closes first fund on EUR 50m
Tandem Capital Gestión has reached the final closing of its first fund on EUR 50m.
SPAIN – Clave Mayor backs website Red Karaoke
Clave Mayor has taken a minority stake in website Red Karaoke in a deal valued at EUR 2m.
ITALY – Investitori Associati in Meridionale Meccanica MBI
Investitori Associati has acquired railway security and diagnostics company Meridionale Meccanica (Mer Mec) in a management buy-in deal. The management team will retain a stake in the company.
SPAIN - BPEP launches Baring Iberia III
Baring Private Equity Partners (BPEP) has launched its third vehicle, Baring Iberia III, with a target of EUR 200m.
PORTUGAL – Explorer acquires private security companies
Explorer Investments has acquired three private security companies Palanca, 4 Esse and Prosecom as part of a market consolidation strategy.
SPAIN – Ysios launches biotech fund
Ysios Capital Partners has announced the launch of its first fund, Ysios BioFund I. The fund will look to raise between EUR 65-75m.
GREECE - Vivartia strengthens its position in the Greek food market
MIG's food and beverage investment arm, Vivartia, is preparing a bid for the Everest group and Olympic catering, both Athens-listed food service companies. The deal will be done through newly created holding company Alkmini Catering. Vivartia owns 51%...
SPAIN – Corsabe invests in biotech player
Spanish private equity firm Corsabe has participated in a capital expansion round in biotechnology company Oryzon, acquiring a 3.5% stake. Ordesa Laboratories also invested for a 3% stake.
SPAIN- Vista and Carlyle prepare Orizonia IPO
Vista Capital and Carlyle, which own 36% and 55% respectively of online travel agency Orizonia, are preparing the company for a flotation.
SPAIN – Arcano launches new fund-of-funds
Investment bank Arcano has launched its second fund-of-funds, Global Opportunity Fund, with a target of EUR 250m.
ITALY – Batra brothers and Barclays acquire sports brand Fila
Indian brothers Rajiv and Rajesh Batra, alongside Barclays Ventures, have acquired sports clothing manufacturer Fila in a deal valued at approximately EUR 100m.
ITALY – Private equity interested in fashion house Cavalli
According to reports a number of private equity firms have shown an interest in bidding for prêt-à-porter house Roberto Cavalli.
SPAIN – Rhône Capital interested in wholesaler El Árbol
According to reports, French firm Rhône Capital is considering a bid for Spanish wholesaler El Árbol.